AMEX:CIX

Stock Analysis Report

Executive Summary

CompX International Inc. engages in the manufacture and sale of security products and recreational marine components primarily in North America.


Snowflake Analysis

Flawless balance sheet and undervalued.


Similar Companies

Share Price & News

How has CompX International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CIX has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-6.7%

CIX

-5.0%

US Commercial Services

-7.6%

US Market


1 Year Return

-6.6%

CIX

13.7%

US Commercial Services

10.2%

US Market

Return vs Industry: CIX underperformed the US Commercial Services industry which returned 13.7% over the past year.

Return vs Market: CIX underperformed the US Market which returned 10.2% over the past year.


Shareholder returns

CIXIndustryMarket
7 Day-6.7%-5.0%-7.6%
30 Day-19.2%-2.4%-4.5%
90 Day-7.8%1.6%-0.6%
1 Year-4.8%-6.6%17.6%13.7%12.5%10.2%
3 Year-1.0%-5.5%54.0%43.8%37.1%28.3%
5 Year36.5%26.3%91.5%71.1%60.8%43.2%

Price Volatility Vs. Market

How volatile is CompX International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is CompX International undervalued compared to its fair value and its price relative to the market?

44.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CIX ($14.25) is trading below our estimate of fair value ($25.42)

Significantly Below Fair Value: CIX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CIX is good value based on its PE Ratio (11.5x) compared to the Commercial Services industry average (27.1x).

PE vs Market: CIX is good value based on its PE Ratio (11.5x) compared to the US market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CIX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CIX is good value based on its PB Ratio (1.1x) compared to the US Commercial Services industry average (1.9x).


Next Steps

Future Growth

How is CompX International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.1%

Forecasted Commercial Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as CompX International has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has CompX International performed over the past 5 years?

15.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CIX has high quality earnings.

Growing Profit Margin: CIX's current net profit margins (12.7%) are lower than last year (14.6%).


Past Earnings Growth Analysis

Earnings Trend: CIX's earnings have grown by 15.3% per year over the past 5 years.

Accelerating Growth: CIX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CIX had negative earnings growth (-8.7%) over the past year, making it difficult to compare to the Commercial Services industry average (-4.6%).


Return on Equity

High ROE: CIX's Return on Equity (9.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is CompX International's financial position?


Financial Position Analysis

Short Term Liabilities: CIX's short term assets ($84.2M) exceed its short term liabilities ($13.1M).

Long Term Liabilities: CIX's short term assets ($84.2M) exceed its long term liabilities ($3.4M).


Debt to Equity History and Analysis

Debt Level: CIX is debt free.

Reducing Debt: CIX had no debt 5 years ago.

Debt Coverage: CIX has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CIX has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: CIX has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if CIX's debt is covered by short term assets.


Next Steps

Dividend

What is CompX International's current dividend yield, its reliability and sustainability?

2.00%

Current Dividend Yield


Upcoming Dividend Payment

Purchase CompX International before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company2.0%marketbottom25%1.5%markettop25%4.0%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: CIX's dividend (1.96%) is higher than the bottom 25% of dividend payers in the US market (1.53%).

High Dividend: CIX's dividend (1.96%) is low compared to the top 25% of dividend payers in the US market (3.96%).


Stability and Growth of Payments

Stable Dividend: CIX's dividend payments have been volatile in the past 10 years.

Growing Dividend: CIX's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.9%), CIX's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.6yrs

Average management tenure


CEO

Scott James (53yo)

2.8yrs

Tenure

US$1,014,565

Compensation

Mr. Scott C. James has been the Chief Executive Officer of Compx International Inc. since May 24, 2017 and its President since August 18, 2014. Mr. James served as the Chief Operating Officer of CompX Inte ...


CEO Compensation Analysis

Compensation vs Market: Scott's total compensation ($USD1.01M) is about average for companies of similar size in the US market ($USD1.14M).

Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Scott James
President & CEO2.8yrsUS$1.01mno data
Andrew Nace
Executive Vice President2.8yrsUS$306.00kno data
Amy Samford
VP & CFO0.7yrsno datano data
Kelly Luttmer
Chief Tax Officer & Executive VP8.1yrsno data0.0016% $2.8k
Jane Grimm
VP, Secretary & Associate General Counsel0yrsno datano data
Bryan Hanley
VP & Treasurer2.5yrsno datano data
Amy Ruf
VP & Controller0.7yrsno datano data

2.6yrs

Average Tenure

48yo

Average Age

Experienced Management: CIX's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Robert Graham
Vice Chairman of the Board0yrsUS$409.00k0.0080% $14.0k
David Bowers
Director27.1yrsUS$35.41k0.10% $176.8k
Ann Manix
Independent Director21.7yrsUS$81.91k0.038% $67.0k
Thomas Barry
Independent Director3.9yrsUS$81.91k0.037% $64.5k
Terri Herrington
Independent Director1.9yrsUS$78.41k0.021% $36.5k
Loretta Feehan
Chairman of the Board2.8yrsUS$101.91k0.053% $92.6k
Mary Tidlund
Independent Director3.9yrsUS$76.91k0.037% $64.5k

3.9yrs

Average Tenure

63yo

Average Age

Experienced Board: CIX's board of directors are considered experienced (3.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

CompX International Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CompX International Inc.
  • Ticker: CIX
  • Exchange: AMEX
  • Founded: 1993
  • Industry: Office Services and Supplies
  • Sector: Commercial Services
  • Market Cap: US$174.576m
  • Shares outstanding: 12.44m
  • Website: https://www.compx.com

Number of Employees


Location

  • CompX International Inc.
  • Three Lincoln Centre
  • Suite 1700
  • Dallas
  • Texas
  • 75240
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CIXAMEX (NYSE MKT LLC)YesClass A Common StockUSUSDMar 1998

Biography

CompX International Inc. engages in the manufacture and sale of security products and recreational marine components primarily in North America. It operates in two segments, Security Products and Marine Components. The Security Products segment manufactures mechanical and electrical cabinet locks, and other locking mechanisms used in various applications, including ignition systems, mailboxes, file cabinets, desk drawers, tool storage cabinets, vending and cash containment machines, high security medical cabinetry, electrical circuit panels, storage compartments, and gas station security. It serves recreational transportation, postal, office and institutional furniture, cabinetry, tool storage, healthcare, and other industries. The Marine Components segment manufactures and distributes stainless steel exhaust components, gauges, throttle controls, wake enhancement systems, trim tabs, and related hardware and accessories primarily for performance and ski/wakeboard boats. This segment offers original equipment and aftermarket stainless steel exhaust headers, exhaust pipes, mufflers, and other exhaust components; gauges, such as GPS speedometers and tachometers; mechanical and electronic controls and throttles; steering wheels, and other billet aluminum accessories; and dash panels, LED indicators, wire harnesses, and other accessories to the recreational marine industry. CompX International Inc. sells its products directly to original equipment manufacturers, as well as through distributors. The company was founded in 1993 and is based in Dallas, Texas. CompX International Inc. is a subsidiary of NL Industries, Inc. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 00:32
End of Day Share Price2020/02/27 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.